Key Apple Inc. supplier Hon Hai Precision Industry Co. Ltd. and an Indonesian government agency last week held discussions related to a possible electric vehicle investment in the country, Nikkei Asia reported on Sunday. What Happened The Taiwan-based Apple supplier, better known as Foxconn, reportedly plans to build electric vehicles and batteries in Indonesia, both for two and four-wheelers. The investment, if it goes through, would be a huge boost for Indonesia as it looks to diversify itself as a key player in the global electric vehicle supply chain. Foxconn chairman Young Liu met Indonesia’s Investment Coordinating Board, as per the report. Why It Matters Foxconn last week revealed three electric vehicle prototypes that include a sedan, a sports utility vehicle and bus, and said it aims to turn electric vehicles into a $35 billion business in five years. The Apple supplier had earlier this month confirmed a deal with …